that the tea party talk about and everybody is dismissive of them. we risk a downgrade to the u.s. triple-a credit rating we have had since 1913. if that happens, borrowing costs will soar. >> look at specific items that may come down the pike at us. i'll jscroll it on the screen. we look at potential and likely spending, "forbes," is that what we'll see, spending like this? >> you won't see the spending that the spendocrats want because of the election. the american mood changed profoundly. democrats survive, especially in the senate, those coming up for re-election will be scared out of their wits and they will go against the spending thing. any big spending plan will be blocked in the senate. all the desire the administration to get big bail-out for municipalities, good luck, go to greece. you won't get it from washington. >> mike? >> i hope steve is right but i fear there will be more spending. the bigger problem is the fed chairman said he will support the spending, by supporting the borrowing that the government has to do to support the spending. he said i'll buy all the treasury bo